Los Angeles daily herald., 1887-08-13


Coast realize the extent to which the
war on silver has injured our farming
interests. This movement, started in
London about fourteen years ago, has
taken untold millions from the pockets
of California agriculturists. From the
official returns of the Bureau OF Sta
tistics at Washington the following
significant results are gathered, and
we embody in them some wholesome
and timely reflections OF the writer
who contributed them to an Eastern
paper, endorsing his conclusions with
out reserve. He says that the "ex-
ports of wheat and flour since the war
on silver in July, 1873, to the present
day, by fiscal years, and the amounts
paid us in dollars, are exemplify ng
state OF affairs most damaging to the
agricultural interests of this country.
During the fiscal year OF July l.,
1873, to June 80, 1874, We exported
from this country II ,039, ,92S bushels
of wheat and 4,094,094 barrels OF
wheat -four. For the wheat We re-
ceived $lO1 ,42l ,459, and for the wheat
flour 500, 9,25S, ,094, or SLAP $40 per
bushel of wheat and $7.14ha per barrel
of flour. Since then we have year
after year been subjected to contin-
ual onslaught on silver bullion by the
enemies of this country, and the re-
suits are as follows: Fiscal year July
1, 1856, to June so, 1887, export of
wheat 100, ,SO9,212 bushels, and H.
32S,872 barrels of wheat -four. For
the wheat we received $50, 1903, ,761 and
for the wheat -four $5l ,174 ,59S, or for
wheat in grain, SO cents per bushel,
and for the -four, $4.51A per barrel.
In fact, we have given, during the
past fiscal year, 29,769,2s4 bushels
more wheat, in grain, yet we have re-
ceived $1l ,617 ,69S less for it. Now as
to wheat -four we have shipped nearly
three times as many barrels of flour,
yet we have not been able to get
twice as much in money as We did
during fiscal year ending June, 1874 !;
in other words, we have lost on every
bushel of wheat 5334 cents, and on
every barrel of wheat flour, $2.63.
In 1873, when the war on silver was
inangurated in Congress, the ounce of
fine silver Twas worth $1.32, to-day
it is worth about 96 cents per ounce,
fine. OF course India has profited in
exact proportion as we have suffered;
but then the traitors to this country
have the satisfaction OF having in
jured the agricultural interests of the
United States of America and benefited
British India hugely.
How long will the people of this
country be ruled by the Anglomaniacs
and the press bought and paid for
with English money, in the East, es-
pecially?
1t is high time that the west rises in
its might and Itramples under foot the
paid hirelings and the Anglomaniacs
who have betrayed the American farm
ers, who year after year lose millions
of dollars, besides fostering British in
terests in India, and all on account of
British inspired and paid for articles
against silver as currency.
If silver sbullion was admitted on
par with gold bullion at the United
States mints and coined unlimited, the
price for silver bullion would imme-
diately advance to $l.2929 per ounce,
fine, and wheat would sell at "a per
cent higher in value, or in place of so
cents per bushel for export we would
receive $1.194 per bushel.
Last years crop of wheat was over
457 millions of bushels, which at
eighty-nine cents per bushel, repre-
sents value of over 406 millions of
dollars, while, with silver at par, the
returns for 457 millions of bushels
would have given the handsome sum
of over 543 millions OF dollars. Truly
the American interest in wheat has
suffered over 1877 millions OF dollars,
while the producers of silver bullion
have lost only a little over l634 nil
lions of dollars. At this rate, we
silver men can stand the racket as